TIME magazine says "Capitalism Can't Solve Climate Change"
TIME magazine says "Capitalism Can't Solve Climate Change"
If we continue to see the private sector as our savior from climate catastrophe, we'll continue to fail.
TLDR: China is the only significant force in renewables adoption in the world, because the country uses central planning to advance its environmental objectives. The West's reliance on the profit motive to drive green energy is not working and will not work because renewables are not profitable enough.
This article is the most positive I have ever seen any mainstream news be towards China and central planning. I don't think there is a single "but at what cost" statement in the entire article. Frankly, I'm impressed this managed to get past the TIME editors.
The author, Brett Christophers, wrote The Price is Wrong: Why Capitalism Won't Save the Planet and Our Lives in Their Portfolios: Why Asset Managers Own the World, and Rentier Capitalism: Who Owns the Economy, and Who Pays for It?, among others, published via Verso Books.
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some people like to spam on another level in this comment section.
Spam was wild, had to block the guy so my notifications wouldn't die. Big thanks to him though for putting my post on the front page of Active and Hot.